Tayto have confirmed a report, which appeared yesterday (12 January) on just-food, that the snack manufacturer from Northern Ireland has acquired the Corby site and the contract to produce Pringles’ Mini’s for Procter & Gamble from Golden Wonder’s administrator, Kroll.
On Monday (9 January) it was announced that Golden Wonder had been placed in administration. Administrators Kroll began third-party negotiations to sell the business.
CTO Holdings, an affiliate company of the Tayto group, views this as a major boost to the company’s growth plans.
“Obviously a great deal of negotiation has gone on to get to this point, which we believe can only strengthen our reputation as a nationally recognised brand building company,” said Steohen Hutchinson, Tayto MD and a director of CTO. “Pringle’s Mini’s have only recently been launched in the UK and Ireland and the Corby business is the only one in the world manufacturing this new product. We expect to build on this new relationship with Procter & Gamble, owners of Pringles’ Mini’s.”
It has previously been suggested that Tayto are interested in acquiring the Golden Wonder brand name. just-food has learnt that there is some industry speculation that although the deal does not address the brand name, this eventuality should not be ruled out.
The remaining Golden Wonder business will be sold separately and interest in the purchase has been shown by United Busciuts and a number of venture capital groups, including one group backing a bid by former Golden Wonder CEO Clive Sharpe, just-food was told yesterday.
The Tayto deal involves the transfer of 195 workers at the Corby site who will join the 350 people already employed at the company’s production site in Tandragee.